<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2022v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-01-09T11:58:32-05:00</ReturnTs>
    <TaxPeriodEndDt>2023-08-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>270559748</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>THOMPSON WHITLOCK PLLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>801 EAST BLVD STE 100</AddressLine1Txt>
        <CityNm>CHARLOTTE</CityNm>
        <StateAbbreviationCd>NC</StateAbbreviationCd>
        <ZIPCd>28203</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2022-09-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>237083912</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>P &amp; B FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>P&amp;BF</BusinessNameControlTxt>
      <PhoneNum>7047766178</PhoneNum>
      <USAddress>
        <AddressLine1Txt>1025 HOLLEYBANK DRIVE</AddressLine1Txt>
        <CityNm>MATTHEWS</CityNm>
        <StateAbbreviationCd>NC</StateAbbreviationCd>
        <ZIPCd>28105</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>LARRY C PRATT</PersonNm>
      <PersonTitleTxt>PRESIDENT/SECRETARY</PersonTitleTxt>
      <PhoneNum>7047766178</PhoneNum>
      <SignatureDt>2024-01-05</SignatureDt>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>LARRY C</PersonFirstNm>
        <PersonLastNm>PRATT</PersonLastNm>
      </PersonFullName>
      <SSN>999009999</SSN>
    </SigningOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>SUZANNE MCKINZIE</PreparerPersonNm>
      <PTIN>P01233664</PTIN>
      <PhoneNum>7043351450</PhoneNum>
      <PreparationDt>2024-01-09</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2022</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="12">
    <IRS990PF documentId="RetDoc12">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>9368898</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>301000</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>56</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>56</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>214758</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>214758</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>135640</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>163770</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>135640</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc8">143440</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>143440</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>794894</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>493894</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>106980</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>106980</CompOfcrDirTrstDsbrsChrtblAmt>
        <PensionEmplBnftRevAndExpnssAmt>7268</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftDsbrsChrtblAmt>7268</PensionEmplBnftDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc3">1510</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>1510</AccountingFeesNetInvstIncmAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc10">70128</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>70128</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc11">2685</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>657</TaxesNetInvstIncmAmt>
        <TravConfMeetingRevAndExpnssAmt>3635</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingNetInvstIncmAmt>67</TravConfMeetingNetInvstIncmAmt>
        <TravConfMeetingDsbrsChrtblAmt>3568</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc7">-3427</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>5972</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>-9399</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>188779</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>78334</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>108417</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>318830</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>318830</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>507609</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>78334</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>427247</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>287285</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>415560</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>4630</CashBOYAmt>
        <CashEOYAmt>5280</CashEOYAmt>
        <CashEOYFMVAmt>5280</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>413020</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>344021</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>344021</SavAndTempCashInvstEOYFMVAmt>
        <OtherNtsAndLoansRcvblAmt>69534</OtherNtsAndLoansRcvblAmt>
        <OtherNtsAndLoansRcvblBOYAmt>37319</OtherNtsAndLoansRcvblBOYAmt>
        <OtherNtsAndLoansRcvblEOYAmt referenceDocumentId="RetDoc9">69534</OtherNtsAndLoansRcvblEOYAmt>
        <OtherNtsAndLoansRcvblEOYFMVAmt>69534</OtherNtsAndLoansRcvblEOYFMVAmt>
        <PrepaidExpensesBOYAmt>25439</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>5624</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>5624</PrepaidExpensesEOYFMVAmt>
        <OtherInvestmentsBOYAmt>7984393</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc4">8167963</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>8944339</OtherInvestmentsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>804</LandBldgEquipCostOrOtherBssAmt>
        <LandBOYAmt>804</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="RetDoc5">804</LandEOYAmt>
        <LandEOYFMVAmt>100</LandEOYFMVAmt>
        <TotalAssetsBOYAmt>8465605</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>8593226</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>9368898</TotalAssetsEOYFMVAmt>
        <LoansFromOfficersBOYAmt>208256</LoansFromOfficersBOYAmt>
        <LoansFromOfficersEOYAmt referenceDocumentId="RetDoc2">58256</LoansFromOfficersEOYAmt>
        <TotalLiabilitiesBOYAmt>208256</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>58256</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>8257349</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>8534970</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>8257349</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>8534970</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>8465605</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>8593226</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>8257349</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>287285</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>8544634</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc6">9664</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>8534970</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VARIOUS S/T BROKERAGE TRANSACTIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <CostOrOtherBasisAmt>28130</CostOrOtherBasisAmt>
          <GainOrLossAmt>-28130</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-28130</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VARIOUS L/T BROKERAGE TRANSACTIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>163770</GrossSalesPriceAmt>
          <GainOrLossAmt>163770</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>163770</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>135640</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>5776</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>5776</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>5776</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>5624</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>5624</TotalPaymentsAndCreditsAmt>
        <TaxDueAmt>152</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>MN</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>LARRY PRATT</IndividualWithBooksNm>
        <PhoneNum>7047766178</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>1025 HOLLEYBANK DRIVE</AddressLine1Txt>
          <CityNm>MATTHEWS</CityNm>
          <StateAbbreviationCd>NC</StateAbbreviationCd>
          <ZIPCd>28105</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>true</BusinessHoldingsInd>
        <ExcessBusinessHoldingsInd>false</ExcessBusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LARRY C PRATT</PersonNm>
          <USAddress>
            <AddressLine1Txt>1025 HOLLEYBANK DRIVE</AddressLine1Txt>
            <CityNm>MATTHEWS</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28105</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT/SE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>105780</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BARRY SHEARER</PersonNm>
          <USAddress>
            <AddressLine1Txt>1025 HOLLEYBANK DRIVE</AddressLine1Txt>
            <CityNm>MATTHEWS</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28105</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>300</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KEVIN FRYE</PersonNm>
          <USAddress>
            <AddressLine1Txt>1025 HOLLEYBANK DRIVE</AddressLine1Txt>
            <CityNm>MATTHEWS</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28105</ZIPCd>
          </USAddress>
          <TitleTxt>V. PRES</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>300</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>TOMMY ABERNETHY</PersonNm>
          <USAddress>
            <AddressLine1Txt>1025 HOLLEYBANK DRIVE</AddressLine1Txt>
            <CityNm>MATTHEWS</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28105</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>300</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MARK HUDSON</PersonNm>
          <USAddress>
            <AddressLine1Txt>1025 HOLLEYBANK DRIVE</AddressLine1Txt>
            <CityNm>MATTHEWS</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28105</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>300</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>PRI LOAN-PASTOR ROM RIBEIRO MARANATA BAPTIST TEMPLE AV.C 15 Q 133,156 ST SUDDESTE, GO 74305-180 GOIANIA, BRAZIL</Description1Txt>
        <Expenses1Amt>48500</Expenses1Amt>
        <TotalAmt>48500</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>7391126</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>533369</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>1063792</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>8988287</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>58256</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>8930031</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>133950</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>8796081</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>439804</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>439804</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>5776</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>5776</TotalTaxAmt>
        <DistributableBeforeAdjAmt>434028</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>434028</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>434028</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>427247</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>48500</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>475747</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>434028</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>9853</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>475747</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>9853</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>434028</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>31866</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>31866</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>31866</ExcessDistriCyovToNextYrAmt>
        <ExcessFromCurrentYearAmt>31866</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>LARRY PRATT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1025 HOLLEYBANK DRIVE</AddressLine1Txt>
            <CityNm>MATTHEWS</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28105</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>7047766178</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>WRITTEN REQUEST</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>ATTACH COPY OF DETERMINATION LETTER OF EXEMPTION UNDER 501(C)(3) WHERE APPLICABLE TO GRANT REQUEST.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BAPTIST MID MISSION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 308011</AddressLine1Txt>
            <CityNm>CLEVELAND</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>441308011</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>114553</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BAPTIST INTERNATIONAL MISSIONS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>8614 HARRISON BAY ROAD</AddressLine1Txt>
            <CityNm>HARRISON</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>37341</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>52000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BAPTIST WORLD MISSION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>201 GORDON DRIVE SE</AddressLine1Txt>
            <CityNm>DECATUR</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>35601</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>30752</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CALVARY BAPTIST CHURCH &amp; MINISTRIES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1380 S VALLEY FORGE ROAD</AddressLine1Txt>
            <CityNm>LANSDALE</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19446</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MT ABARIUM BAPTIST</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3510 TOMLINSON COURT</AddressLine1Txt>
            <CityNm>ARLINGTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>76017</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>22500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>INDEPENDENT BAPTIST MISSION GLOBAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 607</AddressLine1Txt>
            <CityNm>NASHUA</CityNm>
            <StateAbbreviationCd>NH</StateAbbreviationCd>
            <ZIPCd>03061</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>9000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MISSIOSERVE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1126</AddressLine1Txt>
            <CityNm>WHEATON</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>601871383</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>10400</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FELLOWSHIP INTERNATIONAL MISSION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>555 S 24TH STREET</AddressLine1Txt>
            <CityNm>ALLENTOWN</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>18104</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>9000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BAPTIST INT'L EVG MINISTRIES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>121 COMMERCE DRIVE 50</AddressLine1Txt>
            <CityNm>DANVILLE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>46122</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>23000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CENTRAL MISSIONARY CLEARINGHOUSE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2855 GREENHOUSE ROAD</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77084</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>32025</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CROW CHRISTIAN CHURCH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 714</AddressLine1Txt>
            <CityNm>BEAVER</CityNm>
            <StateAbbreviationCd>WV</StateAbbreviationCd>
            <ZIPCd>25813</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>12500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SALEM BAPTIST CHURCH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>429 S BROAD STREET</AddressLine1Txt>
            <CityNm>WINSTONSALEM</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27101</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>100</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>318830</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <ProgramServiceRevenueDtl>
          <ExclusionCd>14</ExclusionCd>
        </ProgramServiceRevenueDtl>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>56</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>214758</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <ExclusionCd>25</ExclusionCd>
          <ExclusionAmt>143440</ExclusionAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>135640</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>358254</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>135640</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>493894</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>PLACECRAFTERS LLC</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>19925 JANE CRUMP WAY</AddressLine1Txt>
          <CityNm>CORNELIUS</CityNm>
          <StateAbbreviationCd>NC</StateAbbreviationCd>
          <ZIPCd>28031</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>150000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>THE C WILBUR PETERS IRREVOCABLETRUS</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>1025 HOLLEYBANK DR</AddressLine1Txt>
          <CityNm>MATTHEWS</CityNm>
          <StateAbbreviationCd>NC</StateAbbreviationCd>
          <ZIPCd>28105</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>150000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc3">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>1510</Amt>
        <NetInvestmentIncomeAmt>1510</NetInvestmentIncomeAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc4">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>UBS MGMT FUNDS</CategoryOrItemTxt>
        <BookValueAmt>6595959</BookValueAmt>
        <EOYFMVAmt>7275119</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>OTHER</CategoryOrItemTxt>
        <BookValueAmt>1047229</BookValueAmt>
        <EOYFMVAmt>1047227</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>UBS CO-OP FUNDRSRV</CategoryOrItemTxt>
        <BookValueAmt>421226</BookValueAmt>
        <EOYFMVAmt>305574</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FIDELITY</CategoryOrItemTxt>
        <BookValueAmt>103549</BookValueAmt>
        <EOYFMVAmt>316419</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="RetDoc5">
      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>804</CostOrOtherBasisAmt>
        <BookValueAmt>804</BookValueAmt>
        <EOYFMVAmt>100</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LoansFromOfficersSchedule documentId="RetDoc2">
      <LoansFromOfficerGrp>
        <LenderPersonNm>W PETERS</LenderPersonNm>
        <BalanceDueAmt>58256</BalanceDueAmt>
      </LoansFromOfficerGrp>
    </LoansFromOfficersSchedule>
    <OtherDecreasesSchedule documentId="RetDoc6">
      <OtherDecreasesDetail>
        <Desc>PY PROGRAM RELATED. INV. REPAID CY</Desc>
        <Amt>9664</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc7">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISC. FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>5558</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5560</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>-2</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>146</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>144</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>533</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>410</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>123</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PY PROG RELATED INV REPAID CY</Desc>
        <RevenueAndExpensesPerBooksAmt>-9664</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>-9664</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc8">
      <OtherIncomeDetail>
        <Desc>OTHER BUSINESS INVESTMENTS</Desc>
        <RevenueAndExpensesPerBooksAmt>143348</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>143348</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>143348</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>SECURITIES SETTLEMENT PAYMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>92</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>92</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>92</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherNotesLoansRcvblShortSch2 documentId="RetDoc9">
      <OtherNotesLoansRcvblShortGrp>
        <Organization501c3Name>
          <BusinessNameLine1Txt>TERM LOANS</BusinessNameLine1Txt>
        </Organization501c3Name>
        <BalanceDueAmt>69534</BalanceDueAmt>
      </OtherNotesLoansRcvblShortGrp>
    </OtherNotesLoansRcvblShortSch2>
    <OtherProfessionalFeesSchedule documentId="RetDoc10">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>UBS CONSULTING FEE</CategoryTxt>
        <Amt>67627</Amt>
        <NetInvestmentIncomeAmt>67627</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>UBS PRIVATE EQUITY</CategoryTxt>
        <Amt>2501</Amt>
        <NetInvestmentIncomeAmt>2501</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc11">
      <TaxesDetail>
        <CategoryTxt>INDIRECT TAXES/LICENSES</CategoryTxt>
        <Amt>2685</Amt>
        <NetInvestmentIncomeAmt>657</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
